struggling finding a job, need your help please!!!!!!!!!!!

Hi everyone,
I graduated from school and got my RN license. but, having difficulty finding a job in bay area, CA. I have been applying since Oct of 2008, but, not recieved any response. I am so depressed and losing my hope. am I doing something wrong? I dedicated 3 yrs of my life and got loans and credit card debts in return.don't understand what to do. I hardly got two offers, but, with some draw backs.
one position is with state hospital,mental health , as a RN (safety),2.5 hrs away from home, $40/hr, no contract, with great benifits, but 5 days/wk which I really am not ready to commit. I just wanted to work 12hr/3days shifts and spend rest of the days with my family. besides, I may not be able to find any job in future with this experience.
Another position is on telemetry unit, very intensive residency program, but, it's in WA state, 12 hrs away from home, $30/hr, 12/3 shift, with 2 yr contract which I am not sure of. besides, I have to be ready for travel expenses and my living arrangements there in WA.
could some one please give me any advice picking the best? I am having difficulty making my decision.
Thankyou